Healthcare IT consulting firm Nordic continues its expansion beyond Epic consulting with the launch of a new Cerner Solutions business line to meet the needs of healthcare organizations. The new business line reflects Nordic’s long-term strategy of expanding its offerings beyond Epic consulting to meet the needs of its clients, including advisory services, performance improvement, ERP Solutions, and Managed Services. Nordic acquired The Claro Group's revenue cycle management (RCM) transformation
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Physician Practices
ELLKAY Acquires X-link to Expand Healthcare Interoperability Footprint
ELLKAY, LLC, a provider of healthcare connectivity and interoperability solutions has acquired the assets of Tampa-based Legal Easy, Inc., including the industry-leading X-Link medical software interfacing solution. With the strategic acquisition, ELLKAY expands its healthcare footprint and empowers providers with an easier, more cost-effective way to achieve Promoting Interoperability (PI) objectives and quality measures. In addition, the acquisition strengthens ELLKAY’s core mission of
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Did EHRs Light the Physician Burnout Fuse?
According to the American Medical Association, about 50 percent of practicing doctors are experiencing burnout and EHRs are a significant driver of this problem. For every hour physicians spend on direct patient care, the report indicates that they spend two hours on EHR data entry and other administrative tasks. All of this adds up to more time spent with computers than with patients.
Organizational, regulatory, and technological factors are eroding many physicians’ passion for the profession,
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Analysis: Philips’ Evolution to a Pure-play Healthcare Technology Vendor
The last two-to-three years we have seen Philips complete its transformation into a pure-play healthcare technology vendor. It has reduced its interest in its remaining non-healthcare business Philips Lighting/Signify (now owning only a 16.5% share), made 16 healthcare technology acquisitions since the start of 2017 and organized its internal business units into three core healthcare technology segments, Personal Health, Diagnosis & Treatment and Connected Care. A few weeks ago, several of
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Change Healthcare: Applying AI Could Identify Up to 35% of Denials Prior to Submission
Change Healthcare AI can help providers identify problem claims and prevent denials before they happen, avoiding costly rework, delays, and improving revenue flow.Today Change Healthcare announced that it has applied its Claims Lifecycle Artificial Intelligence (AI) technology to its claims management suite with the introduction of Assurance Reimbursement Management™ Denial Propensity Scoring and Revenue Performance Advisor Denial Prevention. With performance enhanced by Claims Lifecycle AI,
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NextGen Healthcare Launches Behavioral Health EHR to Streamline Patient Data
With the prominence of behavioral health epidemics in the U.S., it’s imperative that physicians have easy access to a single record of physical and behavioral patient data to streamline data collection and improve treatment decisions. This week, NextGen Healthcare has launched its Behavioral Health Suite, a comprehensive electronic health record (EHR) solution that gives providers access to a single, integrated physical and behavioral health record to treat patients.Impact of Behavioral Health
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Physician Practices Strategy to Developing A Strong Chronic Care Management (CCM) Program
More than three years have passed since the Centers for Medicare & Medicaid Services (CMS) introduced its separately billable non-face-to-face Chronic Care Management (CCM) service. This was intended to help more than two-thirds of individuals on Medicare who suffer from multiple conditions receive more coordinated, regular primary care. The hope was that a focus on managing chronic conditions would contribute to better outcomes for overall population health, improve individual access to
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Global Medical Billing Outsourcing Market to Reach $19.7B by 2026
The global medical billing outsourcing market size is projected to reach USD 19.7 billion by 2026 expanding at a compound annual growth rate (CAGR) of 11.8%, according to a Grand View research report. The report reveals that revenue cycle management (RCM) is one of the most complex components of healthcare IT business driven by challenges in rising healthcare costs, market consolidation, an explosion in clinical documentation, and value-based care initiatives.Key Market Drivers for Global
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March 2019 News, Merger & Acquisition, IPO, Public Company Performance Summary
A brief summary of noteworthy news, health IT M&A activity, IPOs, and public company performance during the month of March.
Noteworthy News
Amazon, JP Morgan, Berkshire Names New Joint Venture Haven
Amazon, J.P. Morgan, and Berkshire Hathaway name joint venture Haven. In January 2018, the three founding companies announced plans to create this independent organization, now called Haven, which is free from profit-making incentives and constraints. Haven’s focus is the 1.2 million
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DrChrono EHR Integrates with Beam to Power Telehealth Video Consults
DrChrono, an electronic health record (EHR) platform for medical practices announced an integration partnership with telemedicine network Beam Health Group. The integration with Beam’s mobile app available on Google Play and the App Store will enable physicians the ability to upgrade their practices with the ability to have patient appointments via smartphone.Integration Benefits for Medical Practices and PatientsStarting now, the physician practices using DrChrono’s EHR platform can download
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